Saudi AUMs rise to SAR 935B in Q2 2024

Logo of Capital Market Authority (CMA)

The total assets under management (AUM) held by capital market institutions licensed by Saudi Arabia’s Capital Market Authority (CMA) rose 3%, or SAR 26.6 billion, quarter-on-quarter (QoQ) to SAR 935 billion in Q2 2024, according to the authority’s data.

Assets Under Management (SAR bln) Since 2018
Period	Value	Change (SAR bln)	Change
Q1 2018	395.8	+4.7	+1%
Q2 2018	422.2	+26.4	+7%
Q3 2018	431.6	+9.4	+2%
Q4 2018	454.3	+22.7	+5%
Q1 2019	466.1	+11.8	+3%
Q2 2019	484.2	+18.2	+4%
Q3 2019	482.4	(1.8)	(0.4%)
Q4 2019	500.0	+17.6	+4%
Q1 2020	481.4	(18.7)	(4%)
Q2 2020	516.0	+34.6	+7%
Q3 2020	566.7	+50.7	+10%
Q4 2020	611.7	+45.0	+8%
Q1 2021	677.3	+65.6	+11%
Q2 2021	703.3	+25.9	+4%
Q3 2021	740.5	+37.2	+5%
Q4 2021	758.6	+18.1	+2%
Q1 2022	816.7	+58.1	+8%
Q2 2022	757.0	(59.7)	(7%)
Q3 2022	760.8	+3.8	+1%
Q4 2022	743.4	(17.4)	(2%)
Q1 2023	770.6	+27.2	+4%
Q2 2023	823.6	+53.0	+7%
Q3 2023	790.2	(33.5)	(4%)
Q4 2023	871.3	+81.1	+10%
Q1 2024	908.3	+37.1	+4%
Q2 2024	935.0	+26.6	+3%

Dom Capital led the way with a 121% increase in AUMs in Q2 2024. Impact46 followed with an 111% rise.

Top Performers in AUMs (SAR mln)
Company	Q1 2024	Q2 2024	Change	Change (%)
Dom Capital	4.7	10.4	+5.7	+121%
Impact46	909.0	1915.1	+1006.1	+111%
Bayt Alnomow Capital	96.1	150.4	+54.3	+57%
Watheeq Financial Services	56.4	87.4	+31.0	+55%
Al Nefaie Investment Group	701.5	1078.9	+377.4	+54%

On the other hand, Bait Al Mal Al Khaleeji (BMK) reported the steepest decline in AUMs, with a 40% fall. Adeem Capital came in second with a 33% drop.

Worst Performers in AUMs (SAR mln)
Company	Q1 2024	Q2 2024	Change	Change (%)
BMK	125.0	74.6	(50.4)	(40%)
Adeem Capital	3115.6	2103.0	(1012.6)	(33%)
KASB Capital	569.2	471.7	(97.5)	(17%)
Wasatah Capital	1243.2	1066.6	(176.6)	(14%)
Arbah Capital	546.2	474.9	(71.3)	(13%)
Investcorp Capital	125.0	74.6	(50.4)	(40%)

SNB Capital topped the list of capital market institutions in terms of AUMs, with about SAR 260.6 billion during the second quarter of this year, representing 28% of the total AUM value. It was followed by Al Rajhi Capital, with nearly SAR 98 billion.

The following table details AUMs at capital market institutions at the end of Q2 2024:

AUMs of Capital Market Institutions (SAR bln)
Company	Value	Percentage to Total (%)
SNB Capital	260.58	27.9%
Al Rajhi Capital	98.03	10.5%
Riyad Capital	89.12	9.5%
Alinma Investment	78.99	8.4%
Jadwa Investment Co.	66.91	7.2%
Alistithmar Capital	34.01	3.6%
SAB Invest	32.21	3.4%
AlJazira Capital	21.11	2.3%
Albilad Investment	20.73	2.2%
ANB Invest	19.65	2.1%
Saudi Fransi Capital	18.91	2.0%
Morgan Stanley Saudi Arabia	15.81	1.7%
AlKhair Capital Saudi Arabia	14.93	1.6%
Blom Invest	14.27	1.5%
Alpha Capital	13.48	1.4%
Derayah Capital	13.16	1.4%
Al Khabeer Capital	9.32	1.0%
GIB Capital	8.59	0.9%
Ashmore Investment Saudi Arabia	8.19	0.9%
State Street Saudi Arabia	7.58	0.8%
SICO Capital	6.92	0.7%
SEDCO Capital	6.28	0.7%
Areeb Capital	5.98	0.6%
Tharawat	5.71	0.6%
Itqan Capital	5.15	0.6%
MEFIC Capital	4.51	0.5%
NBK Wealth	3.93	0.4%
Miyar Capital	3.5	0.4%
NOMW Capital	3.45	0.4%
Mulkia Investment	3.14	0.3%
Others	40.77	4.4%
Total	934.96	100%

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